79, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £188,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

79 SPEN BURN is a midsized detached house of 105m², built sometime between 1976 and 1982. It was last sold for £188,000 in December 2009, which was around 7% below the average December 2009 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

79 SPEN BURN Sold Prices

Land registry data shows three sales for 79 SPEN BURN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Two of the three 79 SPEN BURN sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 18 DEC	£188,000	£201,378	7% below HPI
1998 26 JUN	£75,500	£78,040	3% below HPI
1996 23 OCT	£76,000	£75,297	1% above HPI

79 SPEN BURN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three 79 SPEN BURN sales between October 1996 and December 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 1998 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2009 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 79 SPEN BURN?

79 SPEN BURN is 105m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% of detached houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where 79 SPEN BURN lies on this distribution: 40% of detached houses are smaller than 79 SPEN BURN, and 60% of houses are larger. Note that EPC data is not available for all properties in High Spen.

79 SPEN BURN: Plot and Title Map

79 SPEN BURN sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 79 SPEN BURN, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 79 SPEN BURN). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 79 SPEN BURN?

79 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 79 on SPEN BURN.